Financial
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Kabalega SS Old Boys SACCO hits Shs 60mln in savings
MASINDI, October 10, 2024 – The Kabalega Secondary School Old Boys Savings and Credit Cooperative Organisation [SACCO] has accumulated Shs 60 million in savings, according to its CEO, Titus Tumusiime. During the…
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NSSF aims to boost asset base to Shs 50 trillion by 2035
OTUKE, October 8, 2024 – The National Social Security Fund [ NSSF ] is determined to grow its assets under management to Shs 50 trillion by 2035, up from the current Shs…
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Africa’s coffee exports jump 29.5 percent in August, says new market report
KAMPALA, October 8, 2024 — Exports of all forms of coffee from Africa increased by 29.5 percent to 1.75 million bags in August 2024 from 1.35 million bags in August 2023, says…
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Ministers among hundreds of energy-sector leaders to attend AOW event
CAPE TOWN, October 6, 2024 — Africa Oil Week [AOW]: Investing in African Energy– Africa’s leading oil, gas, and energy event – has confirmed attendance for more than 80 ministers and senior…
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AFC Returns to Global Debt Capital Markets with Oversubscribed Five-Year US$ 500mln Eurobond
LAGOS, October 5, 2024 — Africa Finance Corporation [ AFC ], the continent’s leading infrastructure solutions provider has announced an outstanding return to the global debt capital markets, successfully issuing a US$500…
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Fighting corruption: Among calls for more awareness as Shs 8bln recovered
KAMPALA, October 4, 2024 – Speaker of Parliament, Anita Among has urged the Inspectorate of Government [IG] to increase public awareness campaigns in the fight against corruption in the country. Among urged…
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Soroti PDM beneficiaries given tips on wealth creation
SOROTI, October 4, 2024 — Charles Ocici, Executive Director of Enterprise Uganda, Charlies Ocici has advised beneficiaries of the Parish Development Model [PDM] in Soroti district and Soroti City on effective ways…
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Kwania: Over Shs 10bln disbursed to PDM beneficiaries
KWANIA, October 4, 2024 — Kwania district authorities have disbursed a total of Shs 10.148 billion to the beneficiaries of the Parish Development Model [ PDM ], a government initiative launched in…
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IFC invests in Equator Africa Fund I to support African climate sector tech businesses
NAIROBI, October 4, 2024 –The International Finance Corporation [ IFC ] is to invest in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting…
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Ankole SACCOs laud Stanbic Bank for financial literacy initiatives
BUSHENYI, October 3, 2024 – Savings and Credit Cooperative Organisations [SACCOs] in the Ankole Sub-region have commended Stanbic Bank Uganda for its financial literacy sessions, emphasising that the knowledge gained has significantly…
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